3rd International Conference CICOP BIH – The Importance of Place 3(1) 2015 eng Keywords: Heritage, Funding, Finance model VALUE STABILIZED FINANSE MODEL FOR IMPROVEMNETS A FINANCE FOR BULIT CULTURAL HERITAGE https://phaidrabg.bg.ac.rs/o:30991 ISSN: 2232-965X Abstract: Today we are facing with a growth of sites of built heritage. This is because the built cultural heritage have a new role in modern world, that is economics asset for development strategies and the same definition of built heritage as a concept is widened. Sustainable development of heritage is possible with sufficient heritage funding. Financers’ inducement to fund cultural heritage depends on that heritage’s current value estimation and only highly revered sites qualify for support. This inquiry aspires to supplement the findings of Cultural Economics, but from the viewpoint of actual building conservation practice. The aim of this paper is to investigate the prospects of securing the successful future of built heritage by proposing a value stabilizing finance model, based on; the acquiring, the economizing and the assuring of heritage funding. The strategy of this inquiry involves five steps. Accelerators proved to determine all aspects of the heritage finance model, since these accelerators increase the values of built heritage sites by revealing the payback capacity of financial commitments to that heritage. Heritage funding in Serbia have many problem, and alternative model of funding is need. The suggested contribution of this inquiry is the exploratory analysis of the mechanisms behind heritage funding including its accelerators, hence introducing new terminology into building conservation instigated by the idiom of economics, which could ease future strategic planning of heritage funding. Muminović, Esad Suljević, Jasmin Beganović, Đžemila All rights reserved info:eu-repo/semantics/conferenceProceedings application/pdf 39632160 bytes